At the end of Wildhorse Co.s fiscal year on November 30, 2019, these accounts appeared in its adjusted trial balance. Freight-In $7,600 Inventory 40,900 Purchases 585,200 Purchase Discounts 5,900 Purchase Returns and Allowances 2,800 Sales Revenue 1,164,700 Sales Returns and Allowances 20,000 Additional facts: 1. Merchandise inventory on November 30, 2019, is $51,800. 2. Wildhorse Co. uses a periodic system. Prepare an income statement through gross profit for the year ended November 30, 2019.